ensure greater consistency and clarity, as well as flexibility in cases where information needs to be updated. These improvements aim to ensure that investors are provided with sufficient and timely

Forum (ACMF), which is a high-level grouping of capital market regulators in ASEAN jurisdictions with the aim to elevate the quality of business supervision of the listed companies in ASEAN to meet

strong performance in 1Q 2018 gives us confidence in our objective to achieve a 45% EBITDA growth target in 2019 over 2017 that we announced earlier this year with the existing business and the ongoing

focused on its financial objective for 2023 -- to achieve double-digit ROCE in each of its core businesses; top decile total shareholder returns (TSR) position vs. peers and a strong cash flow through the

focused on its financial objective to double EBITDA by 2023 in a disciplined manner by utilizing its current balance sheet and future operating cash flows. On the journey to achieve this, IVL is committed

Quarter 2020 MD&A 8 IVL Strategic Priorities Going Forward IVL remains focused on its financial objective for 2023 - to achieve double-digit ROCE in each of its core businesses; top decile total shareholder

 Working capital and inventory management IVL Strategic Priorities Going Forward IVL remains focused on its financial objective for 2023 - to achieve double-digit ROCE in each of its core businesses; top

subsidiaries is disclosed accurately and completely, and has supervised compliance with such disclosure system; (3) The Company has provided an efficient internal control system, supervised compliance with the

aim to enhance its balance sheets and improve their financial strength, the Company intends to extend the loan tenor from September 30, 2017 to November 15, 2017. This financial support is deemed as

from external source with aim to enhance its balance sheets and improve their financial strength, the Company intends to extend the loan tenor from September 30, 2017 to November 15, 2017. This financial